- NY Credits : 1.0
- TX Credits : 1.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 1.0
This course presents basis concepts for MACRS depreciation including determining basis of depreciated property and the regulations pertaining to repairs and capitalized costs. This course also presents the basis of MACRS rules and the use of General Assets Accounts (GAA) and concludes with a discussion on allowed or allowable depreciation.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
determine basis for depreciated property;
identify the regulations for repairs and capitalized costs; and
recognize the proper use of General Asset Accounts (GAA).